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L02 Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no PPE and reported the following income statement for the current year. E11-31.

L02 Net Cash Flow from Operating Activities (Indirect Method) Lincoln Company owns no PPE and reported the following income statement for the current year. E11-31. $700,000 110,000 38,000 15,000 Wages expense 588,000 $112,000

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